Monday, May 3, 2021

China Remains Largest Financier of African Infrastructure, but Less So

 Baker McKenzie, an international legal firm, just published a report titled "New Dynamics: Shifting Patterns in Africa's Infrastructure Funding."

Chinese banks (Export Import Bank and China Development Bank) remain the most important sources for financing energy and infrastructure projects in Sub-Saharan Africa.  There was a small increase in funding in 2020 ($3.3 billion versus $2.8 billion in 2019), but the deal values have fallen well below their 2017 peak of  $11 billion.